digg

Facebook Connect Join Digg About
See the original image at cnbc.com

Bailouts Will Push US into Depression: Manager

cnbc.com — When the government can no longer pass the United States' "immense debt" on to taxpayers, it will turn to the holders of U.S. dollars, leading to the eventual downfall of the currency, Hennecke said. "Definitely, it (the dollar) is not a safe place to be invested in, as real inflation is closer to 10 or 11 percent than the actual inflation numbers

Who dugg this?

Digg DudeWhat is Digg?

Digg is a place for people to discover and share content from anywhere on the web. Digg surfaces the best stuff as submitted and voted on by the community. Take the Tour to learn more.

1 Comments

show profanity settings
expand all
  • inactive, on 12/08/2008, -0/+2We are *so* uck-fayed. Appoint Ron Paul as Sec of Treasury or we'll ride the doom train all the way down to Hell.
    THE DOLLAR BUBBLE IS BURSTING! -

    "A big question for the market is whether the Treasury market has become a bubble that will burst.

    Although the low rates allow Washington to borrow money cheaply, Eisenbeis said such a scenario could be perilous for the economy and the dollar.

    "When you have this huge flood of liquidity into the marketplace, that can't last forever," he said.

    A bursting of this bubble could mean a rush out of Treasuries, forcing the government to pay higher rates on an unprecedented amount of debt.

  • Add a Comment

    Login or register to comment!
    Or, sign-in super fast with your Facebook account ...

© Digg Inc. 2009 — Content created and posted by Digg users is dedicated to the public domain | Terms of Use Updated | Privacy Policy
DIGG, DIGG IT, DUGG, DIGG THIS, Digg graphics, logos, designs, page headers, button icons, scripts, and other service names are the trademarks of Digg Inc.